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    Modern Insulator

    Manufactures electrical insulators in Rajasthan and terry towels in Gujarat under one listed company.

    Capital Goods
    Industrials
    ₹503.5
    +9.03% from avg

    Overview

    Price

    ₹503.5

    Market Cap

    ₹2.3k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital4747474747474747
    Reserves258291313342378416448496
    Borrowings1012426819253368
    Other Liabilities124128119107110115139150
    Total Liabilities530491506504554604667762
    AssetsFixed Assets192182175168163172171178
    CWIP00042141
    Investments29105194657114
    Other Assets336299320326370384435469
    Total Assets530491506504554604667762

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY16FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating927531423124047
    Cash from Investing-8-3435-8-4-16-41-83
    Cash from Financing-1-7-87-3-228237
    SummaryCapital Expenditure
    Free Cash Flow41657151872232
    FCF Margin

    Valuation

    Assumptions

    Current — 515008
    Price
    ₹493
    EPS (TTM)
    ₹16.93
    PE (TTM)
    29.1
    Profit growth
    41.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (12.1×) and current (29.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹493
    vs
    Fair value · 15% return
    ₹577
    17%Undervalued

    At 41.9% growth and a 12× exit, ₹493 only delivers your return if you pay ₹577. The price is currently baking in 38% growth.

    EPS grows 41.9%/yr for 5 years, then fades to 6% over 2, exits at 12×.

    YearGrowthEPS (₹)
    FY2741.9%24.02
    FY2841.9%34.09
    FY2941.9%48.37
    FY3041.9%68.64
    FY3141.9%97.40
    FY3223.9% ·fade120.73
    FY336.0% ·fade127.97

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Modern Insulator

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